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Reported trading volumes of European exchange-traded funds quadrupled to roughly €2 ($2.3) trillion last year according to Lipper, the fund performance data provider, as new regulations in the region introduced trade reporting for ETFs.
Billy Hult sits down with Markets Media to discuss the future of fintech.
LONDON (January 15, 2019) - Tradeweb Markets, a leading global marketplace for electronic fixed income, derivatives and ETF trading, announced that its new legal entity in the Netherlands, Tradeweb EU B.V., has received authorisation from the Dutch Authority for the Financial Markets (AFM) to operate Trading Venues and an Approved Publication Arrangement (APA) from Amsterdam.
Government Bond Update – December 2018 Against a background of central bank decisions and considerable market swings, a number of key government bond yields experienced significant movements. Volatility in U.S. Treasury trading and the Federal Reserve’s decision to raise the federal funds target range by 25 basis points to 2.25-2.50% made headlines in December. Yields on 10-year U.S. Treasuries posted the steepest month-to-month decline in two and a half years, falling by 32 basis points to close at 2.69% on December 31. This move occurred after a 3-year high of 3.23% in early November.
December proved to be the second best-performing month for the Tradeweb European ETF marketplace since its launch in late 2012, with total traded volume topping EUR 24 billion. In addition, the platform enjoyed a record-breaking fourth quarter, as trading activity surpassed EUR 72.4 billion, beating previous record-holder Q1 2018 by more than EUR 10 billion. The share of European ETF transactions processed via Tradeweb’s Automated Intelligent Execution functionality (AiEX) remained high at 42.6%.
NEW YORK – January 7, 2019 – Tradeweb Markets, a leading, global operator of electronic marketplaces for rates, credit, money markets and equities, today reported average daily volume (ADV) of $617.4 billion in total for the month of December 2018. For the full year 2018, average daily volume of $549.3 billion rose 37.5 percent over the prior year.
Notional volume executed on the Tradeweb European ETF marketplace reached EUR 22.6 billion in November, the platform’s fourth best performance on record. Nearly 44% of transactions were processed via Tradeweb’s Automated Intelligent Execution (AiEX) functionality.
The growing quantity of data that the street could see on screens defined fixed income markets in 2018. Interest rates – and yields - flickered up, prices scuttled down, international and local politics pushed spreads out, and for the first time, electronic quotes lit up in existing asset classes and new markets.
Yields on 10-year government bonds continued to decline in November, with only those for Greek debt bucking the trend. Canada’s 10-year government bond yield saw the biggest shift, closing 22.5 basis points lower at 2.27%.
Last week Tradeweb’s Adriano Pace, head of equities for Europe, participated in the opening panel at Institutional Investor’s International TraderForum conference in Rome. Entitled, “Industry collaboration: evaluating alternative liquidity sources” the panel discussed the impact of the emergent liquidity models resulting from MiFID II before a capacity audience of international senior traders from leading asset management firms, sell-side firms, vendors and venues.